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The global dynamometer market is a subset of the allied manufacturing industries such as turbines, compressors, pumps, generators, motors, engines, power trains that form a significant component of automobile, power and aerospace industry. It is applied generally to calculate the force, torque and power requirements from all these components.The dynamometers play a key role in research and development facilities. With the increasing for eco-friendly environment while simultaneously improving the quality, the automobile manufacturers are under a tremendous pressure to improve the engines efficiency while controlling the noise and emission of exhaust gases. This has forced the automobile manufacturers either to set up their own testing facility or provide a contract to third party for dynamometer testing on engines and power trains. On other side it has also paved the way for electric vehicles running on batteries and motors to emerge out as essential player in automobile global market. To create new research and concepts in the electric vehicles dynamometers are being required for testing purposes.The ever increasing demand for clean power sources particularly the wind, needs huge turbines and generators to produce power at large scale in an efficient manner. To develop such infrastructure there is a regular necessity of development facilities incorporating dynamometers to calculate the torque and power output.

The Machining/Cutting tool industry are thriving based on the recent improvements in technology to calculate the force and moments acting on the tools while machining process is carried out. It again uses the multi component dynamometers and force plates for axial force calculations. The rehabilitation centers working for treating injured muscles and bones include dynamometers to calculate muscle grip and strength of the patient. The athletes measure their performance and status on regular basis by utilizing small hand held dynamometers. The global dynamometer product and services market is estimated to be around $802m in 2014 and is expected to cross $1 billion mark by 2018.

5. Strategic Analysis. 5.1. Value Chain Analysis.5.2. Opportunity Analysis.5.2.1. Automotive Test Equipment Market to Witness Healthy Growth Rate in the Coming Years on the Back of Stringent Government Regulations for Safety and Environmental Pollution.5.2.2. Hybrid/Electric Vehicles Turning Out to Be New Opportunity Markets for Dynamometers.5.3. Product Life Cycle Analysis.